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    WB focuses on securitisation to scale climate finance: Banga

    WB focuses on securitisation to scale climate finance: Banga

    03 Dec 2023

    The World Bank is working with a club of 15 finance bosses to lower the risk of investing in climate projects in emerging economies and attract private capital for cutting...

    UAE’s non-oil GDP to grow 4.5% in 2023: World Bank

    UAE’s non-oil GDP to grow 4.5% in 2023: World Bank

    22 Nov 2023

    The World Bank has projected a 3.4% growth in the real Gross Domestic Product (GDP) of the UAE by the year 2023, with expectations of further increase to 3.7%...

    Sri Lanka president urges debt relief to help green transition

    Sri Lanka president urges debt relief to help green transition

    18 Oct 2023

    Sri Lanka's president on Wednesday said debt relief for low-income countries should be part of the green transition and inaction on debt could pose an existential threat to China's...

    Final results of the G20 Finance Track meetings for 2023 reviewed

    Final results of the G20 Finance Track meetings for 2023 reviewed

    14 Oct 2023

    The UAE Ministry of Finance participated in the fourth and final G20 Finance Ministers and Central Bank Governors meeting under the Indian Presidency, which took place on the sidelines of...

    IMF and World Bank hold first meetings in Africa in 50 years

    IMF and World Bank hold first meetings in Africa in 50 years

    09 Oct 2023

    The IMF and World Bank began talks in Morocco Monday in their first annual meetings on African soil in 50 years, under pressure to reform to better aid poor nations...

    MoF briefs UAE private sector on expansion in emerging economies

    MoF briefs UAE private sector on expansion in emerging economies

    21 Sep 2023

    The Ministry of Finance (MoF), in collaboration with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), held two workshops at the headquarters of the Chambers of Commerce in Dubai...

    WB warns G20 about global South and North

    WB warns G20 about global South and North

    19 Jul 2023

    The newly-appointed India-born USA-nominated World Bank President Ajay Banga had expressed concern over the deepening of inequality in the world while speaking at the G20 finance ministers’ meeting in Gandhinagar,...

    New WB chief urges action on development, climate efforts

    New WB chief urges action on development, climate efforts

    02 Jun 2023

    The World Bank’s new president Ajay Banga on Friday asked the lender’s 16,000 staff to “double down” on development and climate efforts as he seeks to accelerate the bank’s evolution...

    World Bank expects UAE non-oil economy to grow by 4.8% in 2023

    World Bank expects UAE non-oil economy to grow by 4.8% in 2023

    17 May 2023

    Staff Reporter, Gulf Today The World Bank has projected that the real GDP of the UAE will grow by 2.8 per cent in 2023, as the non-oil sector is...

    UAE explores cooperation with global financial organisattions

    UAE explores cooperation with global financial organisattions

    17 Apr 2023

    Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, held bilateral meetings with a number of senior officials from international financial organisations and institutions on the sidelines of...

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